The main release from the eurozone yesterday was the German ZEW economic sentiment index which had been expected to slide even further in November. Last month, the reading came in at -24.7 and it was forecasted to drop…
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The day ended up being dominated by reports that UK and EU negotiators have agreed a Brexit withdrawal agreement text. We will find out more today and whether we can expect May’s Cabinet to agree the terms.
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Late yesterday afternoon we heard reports that EU and UK negotiators have agreed a Brexit withdrawal agreement text. The news should certainly be viewed as a positive and investors certainly did, with sterling soaring against the euro and…
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There were no major economic data releases from the UK, eurozone or US yesterday, but that didn’t stop the pound from having an extremely volatile day. Against the dollar, there was more than a 2.5-cent difference between the…
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It was a quiet day for economic data, but it was far from quiet on the currency markets, as fresh Brexit uncertainty had its wicked way with sterling. Against the dollar, there was significant sterling volatility, with more…
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It was quiet for economic data yesterday, although oil prices jumped following reports that Saudi Arabia will cut oil production next month. The dollar enjoyed a positive start to the week against the euro and sterling, with the…
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As with everywhere else yesterday, there were no major economic data releases from the eurozone. The euro did manage to make some marginal gains against sterling which had a pretty poor start to the week against the dollar,…
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The only release of note from the US on Friday was the University of Michigan’s consumer sentiment which had been expected to dip to 98.0 from 98.6 in the previous period. The reading actually better expectations by coming…
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